These may not be representative of the entire market, but your potential renter pool is probably price shopping too.

I'm sure you know all of this but it's just never as simple as pooling money and focusing on a strategy.

Most Property managers in low income areas are not much better than the potential pool of tenants !

Deal overview;Purchase price = $350k. 4,000 sqft, 5/4 that had an in-law suite above the garage, complete with a tar-pit (I mean pool, but you couldn’t tell the difference), hurricane damaged roof with inside water damage, two kitchens that needed appliances/updating, 2,300 ft of flooring needed replaced, $45k in city fines that we had to navigate (settled on $1,500 in fines, title company assured me that would be the case, but I was still apprehensive, glad we listened) and lots of granite, paint & fixtures!

The key is to find a niche, like near that gun range, and to provide a "wow factor", like an in ground pool, game room, near a park, a natural preserve, etc.

I would also likely need to hire a property manager specifically for the complex while the talent pool in my area is VERY thin & expensive.  

Plus some of the apartments offer amenities such as underground parking, swimming pool, etc, so while a tightly managed owner/family occupied duplex will always be cheaper than Avalon, I think the glut will bleed into all rental properties eventually.

The building would consist of a larger group setting, television, lounge style seating, pool table, darts, etc.

I am looking for general contractors in Tampa Bay area as the house has to be painted exterior and interior, flooring has to be replaced in bedrooms, the pool has to be refurbished and some miscellaneous work.

If you are comfortable with that type of relationship, then the pool of qualified CPA's really opens up and you stand a better chance of finding someone who fits your style.